[114 Pages Report] The global tension control market was valued at USD 855.4 Million in 2016 and is projected to reach USD 1,118.8 Million by 2022, growing at a CAGR of 4.65%, during the forecast period. The increasing demand for automated tension control and the rising transition toward flexible printing & packaging from rigid packaging are driving the tension control market globally.

The years considered for the study are as follows:

Base Year: 2016

Estimated Year: 2017

Projected Year: 2022

Forecast Period: 20172022

The base year considered for company profiles is 2016. Whenever information was unavailable for the base year, the prior year has been considered.

Objectives of the Study

To define, describe, and forecast the tension control market by type, component, application, and region

To provide a detailed information about the major factors influencing the growth of the tension control market (drivers, restraints, opportunities, and industry-specific challenges)

To strategically analyze the tension control market with respect to individual growth trends, future projections, and the contribution of each segment to the market

To track and analyze competitive developments such as contracts & agreements, new product launches, investments and expansions, mergers & acquisitions, and partnerships and collaborations in the tension control market

To profile key players and comprehensively analyze their market ranking and core competencies

Research Methodology

This research study involved the use of extensive secondary sources, directories, and databases, such as Hoovers, Bloomberg Businessweek, Factiva, and OneSource to identify and collect information useful for a technical, market-oriented, and commercial study of the tension control market. Primary sources are mainly industry experts from the core and related industries, preferred suppliers, manufacturers, distributors, service providers, technology developers, standards and certification organizations of companies, and organizations related to all the segments of this industrys value chain. The points given below explain the research methodology.

Study of the annual revenue and market developments of major players that provide tension controls

Assessment of future trends and growth of end-users

Assessment of the tension control market with respect to the type of module used by different end-users

Study of contracts and other developments related to the tension control market by key players across different regions

Finalization of overall market sizes by triangulating the supply-side data, which includes product developments, supply chain, and annual revenues of companies offering tension controls across the globe

After arriving at the overall market size, the total market has been split into several segments and subsegments. The figure given below illustrates the breakdown of primaries conducted during the research study, on the basis of company type, designation, and region.

The global tension control market is estimated to be USD 891.4 Million in 2017 and is projected to reach USD 1,118.8 Million by 2022, growing at a CAGR of 4.65%, from 2017 to 2022. The increasing demand for automated tension control and the rising transition toward flexible printing & packaging from rigid packaging are driving the tension control market globally.

The tension control market has been segmented, by type, into automated and manual. The manual segment is expected to be the largest because of high capital costs of automated systems and low labor costs in the Asia Pacific region in the packaging industry.

The tension control market has been segmented, by component, into load cell/force transducers, clutch, brake, controller, diameter sensor, dancer roller, and others. The others segment includes amplifiers, wiring, indicators, and retrofits. The load cell/force transducer segment is estimated to hold the largest share of the market during the forecast period. The growth in automated tension control in the paper processing and aluminum industry, combined with the increasing demand for flexible packaging machinery in the food & beverage sector in Asia Pacific is driving the demand for load cell/force transducer.

The tension control market has been segmented, by application, into paper & corrugated, flexible printing & packaging, metal & foil and others. The others segment includes textile, nonwoven, printed electronics, and rubber. The flexible printing & packaging segment is estimated to hold the largest market share by 2022. The transition toward flexible printing & packaging from rigid packaging, especially in the food & beverage and pharmaceutical sector in Asia Pacific, Europe, and North America is expected to drive the market for tension control.

The tension control market has been analyzed with respect to six regions, namely, North America, Europe, Asia Pacific, South America, the Middle East, and Africa. Asia Pacific is expected to dominate the tension control market during the forecast period. The increase in the manufacturing and imports of printing & packaging machinery along with the transition toward flexible printing & packaging in the food & beverage and pharmaceutical sectors is the key factor driving the tension control market in the Asia Pacific region.

The major factor restraining the growth of the tension control market is the high initial cost required to set up and install tension control equipment, particularly automated tension control in the paper processing and flexible printing & packaging industries. The restraining factor is particularly prevalent in the Asia Pacific region, where small-scale packaging industry has a considerable share.

Some of the leading players in the tension control market include Maxcess (US), Montalvo (US), Erhardt+Leimer (Germany), Nireco (Japan), Double E (US), FMS (Switzerland), and Re (Italy). New product launch is the most commonly adopted strategy by top players in the market from 2014 to 2017. It was followed by partnerships and expansions.

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Figure 1 Research DesignFigure 2 Market Size Estimation Methodology: Bottom-Up ApproachFigure 3 Market Size Estimation Methodology: Top-Down ApproachFigure 4 Data Triangulation MethodologyFigure 5 Asia Pacific Dominated the Tension Control Market in 2016Figure 6 The Manual Segment is Expected to Lead the Tension Control Market During the Forecast PeriodFigure 7 The Power Segment is Expected to Dominate the Tension Control Market During the Forecast PeriodFigure 8 Flexible Printing & Packaging Application is Expected to Dominate the Tension Control Market During the Forecast PeriodFigure 9 Rising Demand for Automated Tension Control and Transition Toward Flexible Packaging in the Food & Beverage Industry is Driving the Growth During the Forecast PeriodFigure 10 China, India and Germany are Expected to Grow at the Highest CAGR During the Forecast PeriodFigure 11 China Market & the Manual Segment Led the Tension Control Market in Asia PacificFigure 12 The Manual Segment is Expected to Hold the Largest Share During the Forecast PeriodFigure 13 The Load Cell/Force Transducer Segment is Estimated to Lead the Tension Control Market During the Forecast PeriodFigure 14 Flexible Printing & Packaging Application is Estimated to Lead the Tension Control Market During the Forecast PeriodFigure 15 Tension Control Market: Drivers, Restraints, Opportunities & ChallengesFigure 16 Manual Tension Control Segment Dominated the Tension Control Market in 2016Figure 17 Load Cell/Force Transducer Dominated the Tension Control Market, By Component, in 2016Figure 18 Flexible Printing & Packaging Dominated the Tension Control Market, By Application, in 2016Figure 19 Asia Pacific is Estimated to Grow at the Highest CAGR During the Forecast PeriodFigure 20 Asia Pacific Led the Tension Control Market in 2016Figure 21 Asia Pacific: Market SnapshotFigure 22 Europe: Market SnapshotFigure 23 Key Developments in the Tension Control Market, 20142017Figure 24 Market Ranking, Tension Control Market, 2016Figure 25 Nireco: Company Snapshot

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